Recent news that the Supreme Court struck down part of the Sarbanes-Oxley financial regulations might strike fear into investors. Fortunately, the Court appears to have upheld the spirit of accounting transparency for the good of investors.

Disaster for whom, exactly?
Sarbanes-Oxley became law in 2002, requiring accounting transparency and oversight in the wake of the corporate accounting debacles at Enron and Worldcom. The Supreme Court's ruling basically called the setup of the associated Public Company Accounting Oversight Board unconstitutional, because it wasn't adequately controlled by the president, and thus flew in the face of separation of powers.

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